The food and fast-moving consumer goods (FMCG) business remained flat during the quarter, due to consolidation of institutional rice exports (private label)
AWL Agri Business (formerly Adani Wilmar) has recorded a double-digit growth in volumes in the fourth quarter of the financial year 2026 (Q4FY26), led by strong growth in edible oil and industry essentials. Company said that the growth was supported by stable consumer demand and gradual improvement in distribution.
Edible oil portfolio continued to demonstrate strong performance, delivering a 17 per cent YoY volume growth in Q4FY26. The growth was broad based, with improved demand across soyabean, mustard, rice bran and palm oil. Imports of cheaper refined oils from neighboring Saarc countries continue, although at a lower level as compared to earlier quarters. Sales across the under-indexed markets continued to improve, aided by higher marketing spends during the quarter, the company said in an exchange filing.
The domestic business grew by 13 per cent year-on-year (YoY) during the quarter. The food and fast-moving consumer goods (FMCG) business remained flat during the quarter, due to consolidation of institutional rice exports (private label). Growth in foods business was led by improved sales in both rice and wheat business, that contribute 65 per cent of food business portfolio.
With the extensive ramp up in go-to-market (GTM) and distribution in the rice business, sales under both Fortune and Kohinoor brands delivered volume growth exceeding 30 per cent YoY. Wheat flour business delivered a high-single digit volume growth, led by improving GT penetration, as well as faster scale up across alternate channels.
Food and FMCG business, excluding rice and wheat business contributing 35 per cent to segment volumes, grew by 30 per cent YoY during the quarter. We expect the growth momentum to continue in coming quarters.
In Q4FY26, the industry essentials segment delivered a broad-based recovery, supported by improved sales across oleochemicals, castor and DOC businesses. Oleochemicals business, which contributes around 30 per cent of the business, continues to remain a key growth driver for the segment, the company said.
Alternate Channels / Other Channels
Alternate channels (ecommerce, quick commerce, modern trade) delivered a strong double-digit growth of 43 per cent YoY in Q4FY26. Quick commerce grew by 46 per cent YoY, now contributing 32 per cent of volumes to this channel, aided by tech-enabled execution and focused marketing spends. Annual revenues from alternate channels have crossed Rs 5,200 crore in FY26. Branded exports and Horeca channels too delivered robust growth exceeding 40 per cent YoY during the quarter.
“We expect high growth from these channels in the medium term, on the back of rapid expansion across geographies,” the company added.
In Q4FY26, the numeric distribution in general trade (GT) crossed 9,65,000 outlets, adding close to 1,20,000 new outlets during the year. Majority of these new outlets are from the rural markets, which the company believes will drive the next phase of growth in the coming years.
